Gatsby Commercial- Real Estate Professional

Life's Better On The Edge 🤙🏾

A•E•S•T•H•E•T•I•C

The Best Is Yet To Come

Life Is Better In Color

It's A Celebration Everytime We Link Up

It's Gatsby 💫

Coffee And Comps With - Just Another Day In The Life Of A Wealth Builder

Coffee And Comps With - Just Another Day In The Life Of A Wealth Builder

I'd Rather Be Busy Than Broke 💫

Life's A Blur

Recognition and Affirmation Is So Critical To Success.

Congrats To My Team For Making The Board For The Month Of October!!v.e.s.m.e.n .douglaselliman

Recognition and Affirmation Is So Critical To Success.

Congrats To My Team For Making The Board For The Month Of October!!v.e.s.m.e.n .douglaselliman

Meet The Team 💫

Imagine What You Can Do With Both

The price of lumber, which has ballooned to unprecedented levels in recent months, has started to drop. From a record of $1,711.20 per thousand board feet in early May, lumber futures are now below $1k per thousand board feet for delivery in July. That is the lowest level for futures since March.

The spot price of lumber is also dropping, according to pricing service Random Lengths, as reported by The Wall Street Journal. The service's framing composite index fell $122 to $1,324 as of Friday, the most it has ever fallen in a week.

Lumber is only one building input to see sharp price increases as the coronavirus pandemic wound down in early 2021. with steel, plastics, gypsum, wallboard, insulation, and cement all experiencing price spikes. Input costs for general contractors rose 19% year-over-year in April, up from the 12.4% annual increase recorded a month earlier, according to the Associated General Contractors of America.

There are hints that the prices for some of those other materials might be headed downward as well. Copper prices, which reached all-time highs last month, have likewise been dropping in recent weeks, probably because the Chinese government has threatened a crackdown on speculators in the metal, The Street reports.

Steel prices have also fallen in China, though they have continued to rise in the U.S., up10% month-over-month in May, MetalMiner reports. On the other hand, cement prices might be more permanently elevated as demand worldwide is driven by large development projects. Global demand for cement is expected to rise 2.9% per year until 2025 at least, according to a new Freedonia Group analysis.

Source: BizNow

The Lennon Team is pleased to present 3 new townhomes in Brooklyn.

*Two recently built, three-family buildings in Prospect Lefferts Garden.. Just blocks away from. Prospect Park. The asking is $1.5M each.

*A Fully renovated two family home on the border of Bed-Stuy and Ocean Hill Asking Price $1.19M

For more information, DM me or [email protected]

Lord Make Me Worthy Of The Calling
-2 Thessalonians 1 :11 🙏🏾

Lord Make Me Worthy Of The Calling
-2 Thessalonians 1:11 🙏🏾

Coming Soon ~ Two 3-Family In The Popular In

We Are On A Roll, Thinking About Moving Into A , We've Got Plenty To Show You. - The Lennon Team

The Lennon Team at Douglas Elliman presents a unique corner development opportunity on Manhattan's Upper East Side. Up to 100K BSF as-of-right.

https://lnkd.in/eu7sbUX

$242 MILLION MIXED-USE HARLEM PROJECT READY TO GO

This Central Harlem project totals 466,000 sqf. and would bring affordable housing, below-market-rate office space and merchants such as Trader Joe’s and Target to historic Harlem. The construction is set to begin this week and is located at W. 125th St. between Lenox and Adam Clayton Blvd. Preliminary plans call for 170 affordable housing units, class A office space and retail. Besides the two anchor tenants, the site would be the new headquarters for the National Urban League and a new Civil Rights Museum.

For large scale development sites around the city, DM me or email me at [email protected]

             

See My Video For A Chance To Win 🤑

$4.99M
PRICE DROP - Below Market!
The Lennon Team at Elliman is proud to present a 23,000+ SF industrial building in prime Jamaica. The property is built on a 28,500 SF, M1-2 zoned lot and has frontage on three streets and will be delivered vacant.

The property is located within a Industrial Business Zone (IBZ), where companies have the opportunity to a receive tax credit.

Access to multiple commercial corridors and mass transportation, including the F train located 0.6 mi from the property, Hempstead LIRR is 0.8 mi, JFK Airport is 7 mi and La Guardia Airport is 8.6 mi.

Queens warehouse assets continue to show strong demand, increasing in value by 20% year over year, going from $508/SQFT in 2019 to $610/SQFT in 2020. This particular property is being offered at $230/SQFT

SETUP AVAILABLE BY REQUEST

Calling all Investors, Private Equity, Family Office, Equity Fund Manager.

Yo Can You Believe This Was Only A Year Ago!?